Page 14 - Employee Handbook

Employee Handbook

REMUNERATION AND BENEFITS

Salary and wage Payments

All employees are paid on a monthly basis. Each pay will include earnings for all work performed through the end of
the previous payroll period.

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National Paints distribute salaries every 10 of the month. In the event that a regularly scheduled payday falls on a
day off such as a weekend or holiday, employees will receive pay on the last day of work before the regularly scheduled
payday.

Employees may get their salaries directly deposited into their bank accounts if they provide advance written
authorization to “National Paints. For newly joined Employees, you may approach the Accounting Department to
provide options for opening your bank account.

Timekeeping

Face or fingerprint recognition timekeeping recording tool must be used by all employees to record entry and time of
leaving. Accurate timekeeping is the responsibility of every employee. Time worked is all the time actually spent on
the job performing assigned duties.

Time keeping is also recordable for keeping track of employee’s punctuality, which is an input to their performance
analysis.

National Paints employees are required to have four record of Face or fingerprint recognition, for Entry time, break
time (in- out) and leaving time. Failure to do so can lead to disciplinary action up to and including termination of
employment.

Benefits

National Paints employee is entitled to benefits stated on the offer letter that was duly signed to commence the
employment.

Air Tickets

Employees are eligible for a return ticket as mentioned in their offer letter. Air tickets are booked in-house depending
on the country of origin; the company decides the value of the air tickets, upon which should there be an excess with
the allotted amount of the air ticket, employee shoulders the cost.

Medical Insurance

The company provides medical insurance wherein half is paid by the company and the other half is paid by the
employee on a monthly basis through salary deduction. Employees can approach the marketing department and submit
the required documents.

National Paints Factories Co. L.L.C. Page 14